Binance hack: the XRP Ledger was hit 16 minutes before Ethereum.
A correction to our timeline: the earliest move we can find was not on Solana. At 20:05:00 UTC a wallet XRPScan labels Binance 6 opened a fresh account, rK21t6nG…gfzMx, with 185.0M XRP. By 20:09 four more Binance-labeled wallets had been emptied into it: 233,461,943 XRP, about 295M USD. It hasn't sent a single payment since.
Then came Solana at 20:10 (link still unproven), Bitcoin at 20:20, Ethereum's hot wallet 14 at 20:21 and Tron at 20:22. Every first move was authorized by the Binance wallet itself.
TRM Labs counts the same 233.46M XRP as stolen, and no issuer can freeze XRP. Follow for updates on the Binance trace.
A correction to our timeline: the earliest move we can find was not on Solana. At 20:05:00 UTC a wallet XRPScan labels Binance 6 opened a fresh account, rK21t6nG…gfzMx, with 185.0M XRP. By 20:09 four more Binance-labeled wallets had been emptied into it: 233,461,943 XRP, about 295M USD. It hasn't sent a single payment since.
Then came Solana at 20:10 (link still unproven), Bitcoin at 20:20, Ethereum's hot wallet 14 at 20:21 and Tron at 20:22. Every first move was authorized by the Binance wallet itself.
TRM Labs counts the same 233.46M XRP as stolen, and no issuer can freeze XRP. Follow for updates on the Binance trace.
